PRUVALUE MED and PRUVALUE MED BOOSTER

    Overview

    Introduction

    We all know just how crucial medical care is in today’s world and the need for healthcare becomes even more paramount as we age. With the escalating cost of healthcare, have you ever wondered if you are able to safeguard yourself against any uncertainty and insufficient savings for healthcare?

    Wouldn’t it be great if there is a medical plan that not only promises you a lifetime of assurance for all your medical needs, but also helps you save with more benefits?

    PRUValue Med and PRUValue Med Booster are optional medical riders attachable to a regular premium investment-linked insurance plan. PRUValue Med is a medical plan that covers your health in times of need, you will never have to choose between your health and finances as your healthcare needs are what matters most to us. PRUValue Med can be enhanced with PRUValue Med Booster to enjoy higher medical coverage, extensive hospitalisation care and even be rewarded with No Claims Benefit for preventive care. These plans aim to provide customers peace of mind on the lifetime medical needs.

    PRUValue Med and PRUValue Med Booster are fixed plan structure based on the table of benefits shown below, where customers have the flexibility to choose 1 out of 6 pre-packaged plans being offered.

    PRUValue Med is a unit deducting rider that reimburses medical expenses incurred in the event of hospitalization and for outpatient treatment.

    PRUValue Med Booster is a rider attachable to PRUValue Med, which comes with a guaranteed auto-increasing lifetime limit (also known as Med Value Point) every policy year. This rider complements the benefits of PRUValue Med and provides No Claims Benefit.

    Benefits and Features

    PRUValue Med is a regular premium investment-linked medical rider that reimburses medical expenses incurred in the event of hospitalization and for outpatient treatment.

    Payment Term Premium is payable throughout the coverage term
    Coverage Term Until the selected policy term option up to Policy Anniversary of age 70, 80, 90, 100 next birthday (ANB) or 20 years (where applicable)
    Age of Entry Pre-birth: After 13 weeks into pregnancy*
    Post-birth: 1-70ANB
    Rider That Can Be Bought With This Plan PRUMedic Overseas
    Basic Plans That Can Attach This Rider PRULink Cover (This is an insurance product)

    *PRUValue Med and PRUValue Med with PRUValue Med Booster can be purchased at pre-natal stage (13 weeks into pregnancy) in which the waiting period will be calculated from the actual date of birth of the child.

    Benefits Table

    Benefits Benefit Amount
       PRUValue Med with PRUValue Med Booster PRUValue Med
    Plan 150 (RM) Plan 200 (RM) Plan 300 (RM) Plan 400 (RM) Plan 500 (RM) Plan 600 (RM) Plan 150 (RM) Plan 200 (RM) Plan 300 (RM) Plan 400 (RM) Plan 500 (RM) Plan 600 (RM)
    Room & Board Benefits
    a) Hospital Daily Room & Board (R&B) 150 200 300 400 500 600 150 200 300 400 500 600
    Per day (RM)
    No maximum number of days per year Up to 150 days per year
    Hospital & Surgical Benefits
    b) Intensive Care Unit / Cardiac Care Unit     As charged1
    (No maximum number of days per year)    		 As charged1
    (Up to 90 days per year)

    c) In-hospital & Related Services

    • Surgical Benefit
    • Hospital Supplies and Services 
    • Operating Theatre
    • Anaesthetist Fees
    • In-hospital Specialist’s Visit
      (limit to 2 visits per day)
    		 As charged1 As charged1
    Outpatient Treatment Benefits

    d) Pre-hospitalisation Treatment

    		 As charged1
    (Within 90 days before hospitalization)    		 As charged1
    (Within 60 days before hospitalization)

    e) Post-hospitalisation Treatment

    • Non-Serious Condition
    		 As charged1
    (Within 90 days after hospital discharge)

     

    As charged1
    (Within 90 days after hospital discharge)
    • Serious Condition
    		 As charged1
    (Within 365 days after hospital discharge)
    f) Home Nursing Care
    (up to 180 days per lifetime)
    g) Day Surgery
    h) Day Care Procedure    		 As charged1 As charged1
    i) Outpatient Cancer Treatment
    j) Outpatient Kidney Dialysis    		 As charged1
    No limit per lifetime
    (Including take home drugs, examination tests & consultation)    		 As charged1
    Up to 1.5 times of the initial Med Value Point per lifetime
    (Including take home drugs, examination tests & consultation)
    Other Benefits
    k) Maternity Complications Benefit As charged1
    (No limit per year)    		 Up to 5,000 per year
    l) Intraocular Lens Up to 6,000 per lifetime Up to 6,000 per lifetime    
    m) Emergency Treatment For Accidental Injury 1,500 2,000 3,000 4,000 5,000 6,000 1,500 2,000 3,000 4,000 5,000 6,000
    Med Saver or Deductible2 Yes or No.

    If Yes, flexible option:
    Med Saver Options: 300/ 1,000/ 3,000/ 5,000/ 10,000
    Deductible Options: 20,000/ 50,000/ 75,000/ 100,000
    Med Value Point3 Flexible option:
    1.1 mil, 1.6 mil or 2.1 mil

    Increase by 100,000 every year    		 Flexible option:
    1.15 mil, 1.65 mil or 2.15 mil

    Increase by 150,000 every year

     

    Flexible option: 1 mil/ 1.5 mil/ 2 mil
    Med Value Point Bonus4 None Med Value Point increases at 2% of the initial Med Value Point (exclude the portion from PRUValue Med Booster) at the end of every 2 policy years, provided no claim has been incurred during the 2 policy years. None  Med Value Point increases at 2% of the initial Med Value Point at the end of every 2 years, provided no claim has been incurred during the 2 years.
    No Claims Benefit* - Preventive Care 500 per year 1,000 per year None
    Emergency Medical Assistance5 Yes Yes
    Expert Medical Opinion5,6 Yes Yes

    Notes:
    1 We shall only reimburse Reasonable and Customary Charges on eligible expenses which are deemed Medically Necessary.

    2 If Med Saver is chosen, policyholder must first pay a fixed amount equivalent to Med Saver selected out of the total Reasonable and Customary Charges of eligible benefits, which are Hospital & Surgical Benefits, Outpatient Treatment Benefits, Maternity Complications Benefit and Emergency Treatment For Accidental Injury (excluding the cost of Hospital Daily Room & Board and Intraocular Lens) for any one disability.

    Otherwise, if Deductible is chosen, you must first pay a fixed amount equivalent to the Deductible selected out of the total Reasonable and Customary Charges of accumulated eligible benefits, which are Hospital Daily Room & Board, Hospital & Surgical Benefits, Outpatient Treatment Benefits and Other Benefits within an annexure year.

    If Med Saver or Deductible are not chosen, the fixed amount shall not apply.

    3 Claims on eligible benefits will be payable in full (subject to Med Saver or Deductible, if applicable) up to the Total Med Value Point. If the total benefits we pay to you have exceeded the Total Med Value Point, we shall pay 80% of the eligible benefit's excess cost. Total Med Value Point is equivalent to the sum of initial Med Value Point, any accumulated Med Value Point bonus and additional Med Value Point (from PRUValue Med Booster).

    4 When total claims paid exceeds the Total Med Value Point, no further Med Value Point Bonus shall be provided even if there are no further claims.

    5 Emergency Medical Assistance and Expert Medical Opinion are services provided from third party providers which are non-contractual in nature and do not form part of the policy. We have the right to terminate this service by giving a 90 days written notice.

    6 Expert Medical Opinion is a value added service that provides second medical opinion from medical experts in various areas of specialization. This service is to assist you to learn more about your medical conditions and make an informed decision on the treatment plans.

    *If no claim has been incurred during the preceding year.

    For Overseas Treatment, if the Life Assured chooses to have or is referred to be treated outside Malaysia, the benefits for the treatment are limited to the Reasonable and Customary and Medically Necessary charges for equivalent local treatment in Malaysia and subject to 90 days residence limit.

    Please refer to Medical Plus Solution page for further details such as full list of benefits, exclusions, waiting period and other terms and conditions.

    Note: Medical Plus Solution is a package offered using PRULink Cover as the basic plan with selected optional riders including PRUValue Med with PRUValue Med Booster.

    Cost of Insurance Charges

    Please click below for full cost of insurance charges.

    Exclusions

    Please click below for the exclusion lists.

    Eligibility

    Age of Entry: 

    13 gestational weeks till ANB 70* 

    *PRUValue Med and PRUValue Med with PRUValue Med Booster can be purchased at prenatal level in which the waiting period will be calculated starting from the actual date of birth of the child.

    Enrolment

    Visit any UOB Malaysia Branch nearest to you.

    Disclaimer

    Underwritten by:

    Prudential

    The above plans are underwritten by Prudential Assurance Malaysia Berhad 198301012262 (107655-U). All claims and liabilities arising from the policies should be made with the company.

    Prudential Assurance Malaysia Berhad is a licensed insurance company and is regulated by Bank Negara Malaysia. Prudential Assurance Malaysia Berhad is responsible for the products and benefits offered by them, as well as any representation made in any of their marketing materials including United Overseas Bank (Malaysia) Bhd’s marketing material for the products offered by Prudential Assurance Malaysia Berhad.

    This content contains only a brief description of the product and is not exhaustive. You are advised to visit any of our branches and to refer to Product Brochure, Product Disclosure Sheet, Product/Sales Illustration and Fund Fact Sheet(s) (if any) before purchasing a policy, and to refer to the terms and conditions in the policy contract for details of the features and benefits under the policy.

    Buying life insurance policy is a long-term financial commitment. You should assess the affordability and suitability of the product (including supplementary benefits) that best suits your personal circumstances in relation to your financial goals and risk appetite. To achieve that, we recommend that you speak to your Prudential Representative or UOB Malaysia representative who will perform a needs analysis and assist you in making an informed decision.

    PROTECTION BY PERBADANAN INSURANS DEPOSIT MALAYSIA (“PIDM”) ON BENEFITS PAYABLE FROM THE UNIT PORTION OF THIS CERTIFICATE/POLICY IS(ARE) SUBJECT TO LIMITATIONS. Please refer to PIDM’s Takaful and Insurance Benefits Protection System (“TIPS”) Brochure or contact Prudential Assurance Malaysia Berhad or PIDM (visit www.pidm.gov.my).